Short Interest in Melco International Development Ltd. (OTCMKTS:MDEVF) Decreases By 38.8%

Melco International Development Ltd. (OTCMKTS:MDEVF) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 850,260 shares, a decrease of 38.8% from the December 15th total of 1,388,260 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 9,273 shares, the short-interest ratio is presently 91.7 days. Based on an average daily trading volume, of 9,273 shares, the short-interest ratio is presently 91.7 days. Approximately 0.1% of the company’s shares are sold short.

Melco International Development Price Performance

MDEVF stock opened at $0.52 on Friday. The company has a 50 day moving average price of $0.57 and a two-hundred day moving average price of $0.63. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 6.50. Melco International Development has a one year low of $0.40 and a one year high of $0.83.

Melco International Development Company Profile

Melco International Development Limited is a Hong Kong–based investment holding company with diversified interests across property development, hospitality, gaming and entertainment sectors in Asia. The company pursues opportunities in integrated resort operations, property investment and development projects, leveraging its background in real estate to support long-term growth.

Through its controlling stake in Melco Resorts & Entertainment, Melco International is involved in the design, development and operation of world-class integrated resorts.